Posted 3/14/2013 - 9:34:38 AM
Marshall Hotels & Resorts added the under-construction Hilton Garden Inn in Manhattan to its management portfolio.
NEW YORK—Marshall Hotels & Resorts, Inc. added management contracts for two properties in Manhattan and one in Mt. Laurel, NJ.
“We are seeing increased hotel management opportunities as more hotels change hands and investors seek higher returns on their investments,” said Mike Marshall, president/CEO. “The two new Manhattan additions bring to five the number of properties we operate or are in pre-opening in the greater New York City area.”
The hotels include: Grand Union Hotel: The 88-room boutique property is located at 34 E. 32 St., two blocks from the Empire State Building and near Madison Square Garden and Macy’s Herald Square. Marshall is working with the owner to upgrade the hotel and will oversee the renovation;
Hilton Garden Inn: The 232-room, under-construction property is located in Midtown Manhattan. It is Marshall’s second Hilton Garden Inn in the New York metro area. Marshall will be responsible for pre-opening activities, as well as management upon the property’s opening, which is scheduled for second-quarter 2014;
Comfort Inns & Suites: The 90-room Comfort Inn and Suites is located in Mt. Laurel, NJ. “We have a long history operating hotels in the greater Philadelphia market and look forward to adding value to this property,” Marshall said. “We just completed overseeing a major renovation of the hotel and it already is gaining market share.”